Notices by Andrew Lokenauth (fluentinfinance@mastodon.social), page 4

I use an iPhone daily, I own $AAPL.

I use Google daily, I own $GOOGL.

I shop on Amazon daily, I own of $AMZN.

I use Instagram daily, I own $META.

I drive a Tesla daily, I own $TSLA.

I don't buy stocks, I buy businesses.

For those of you in your 20s and 30s, think about this:

Ages 25 to 40 are only 15 years long.

The decisions you make during this period are important for building financial freedom.

And that time will pass fast.

The clock is ticking.

Some people are liabilities.

Some people are assets.

Be careful with who you invest your time in.

Wasted time is worse than wasted money.

You see the BMW but not the $70,000 car loan.

You see the trip to Bali but not the $10,000 credit debt.

You see the designer clothes but not the $0 Roth IRA.

Social media is an illusion. Don't be fooled by what you see.

What people think is wealth:

• Big house
• Fancy cars
• Material things

What real wealth is:

• Family
• Good health
• Financial freedom

Stop being fooled by the illusion of wealth.

“Until you can manage your emotions, don't expect to manage money.”

— Warren Buffett

Multi-generational housing, duplexes and ADUs are a life hack.

Grandparents can help provide childcare, help with housing payments and don't have to age alone.

You live on one side and your parents (or in-laws) live on the other.

This can be great for building wealth, and you get more time with family.

College tuition has increased by over 200% in the last 30 years.

Do graduates make 200% more?

No.

In that same period, wages for college graduates have risen by only 30%.

The cost of many degrees has outpaced the salary.

Reminder:

Marry the right person.

The person you choose to marry will be the most important financial decision you ever make.

Here's how to sell anything:

"It's AI-powered".

Never allow a job to steal your life

Unlmlited PTO is a scam.

Management makes you afraid to use it.

And you have to ask for permission to take time off.

So it's not really unlimited when you get told "No".

Then your boss makes you feel guilty when you actually use it.

Also, unlimited PTO does not accrue on the books. Which means no payout for days you don’t use.

If you have unlimited vacation days you have no vacation days.

@HistoPol @FluentInFinance he is Warren Buffett’s best friend!

One of the biggest lies you were ever told was that retirement is an age.

Retirement is a dollar amount — Not an age.

If you invest in your 20s & 30s, you can retire in your 40s & 50s.

Every dollar invested brings you a step closer.

“Every time you hear EBITDA, just substitute it with bullshit”.

— Charlie Munger

10 Most Affordable Cities To Buy A Home:

10. Kansas City, Kansas
9. Buffalo, New York
8. Montgomery, Alabama
7. Milwaukee, Wisconsin
6. Rochester, New York
5. Baltimore, Maryland
4. Memphis, Tennessee
3. Toledo, Ohio
2. Cleveland, Ohio
1. Detroit, Michigan

Which one is the best?

Good employees don't quit jobs, they quit:

• Low pay
• Bad bosses
• Office politics
• Toxic workplaces
• Micro-management
• Feeling undervalued
• Lack of opportunities
• Zero work-life balance

It's 100% okay to leave jobs that no longer serve you.

Remember, it's important to be happy where you work. You spend a lot of time there.

People don't quit jobs, they quit managers.

Having a great manager isn't a blessing; it's a crucial part of your career.

A manager who's a great mentor is a cheat code for success.

They break down complex tasks, share their own experiences, and answer your questions — no matter how silly they might seem.

Studies have shown that when your manager creates a positive vibe at work, it can make you feel less stressed.

You deserve a manager who believes in you.

It can make or break your career.

Unpopular opinion: The 40-hour work week is broken.

Employees should be judged on their productivity and results, not on time spent in the office.

The 40-hour work creates a culture where employees are judged on the amount of time they spend at their desks, instead of the quality of work produced and their impact.

This leads to burnout and diminishing returns as workers put in long hours just for the sake of clocking more face time.

Median Salary:

2024 — $54,000
2004 — $42,500

+27% increase

Median House Price:

2024 — $532,000
2004 — $184,000

+190% increase

Affordability has never been worse